Head of Remote Payment Services UK

Overview

• This is an exciting time to join Remote and make a personal difference in the global employment space as the Head of Remote Payment Services UK, joining our Payments & Fintech department.

  We are strengthening our Financial Services subgroup within Remote. This subgroup has acquired financial licenses in the Netherlands, UK, and Canada to support Remote's growth in Payroll in these regions. This position is going to oversee the Operational aspects of our UK regulated payment entity, and will be an integral member of a growing organization that allows people from all over the world access global work opportunities.

  UK represents a significant growth opportunity for Remote across all its products, and we need a highly driven self-starter to be the face of Remote with the local regulators. You will be the day to day lead for the entity liaise with the regulators, stay abreast of regulatory changes, and ensure that Remote always meets regulatory expectations.

• 7+ years payments experience in Strategy, Legal, Operations, or Entity management departments, preferably in the payments infrastructure or mass payout solution spaces
• 5+ years experience with a Payments Institution, or electronic Money Institution regulated by the FCA
• Understanding of UK financial legislation
• Good understanding of payments products and solutions across the board, at feature level and/or a good understanding of businesses in the payments ecosystem
• Effective communicator, with experience in managing and influencing internal and external stakeholders
• Commercial outlook with ability to assess comprehensive impacts to the business
• Strong project and stakeholder management skills. Consistent track record leading complex projects across large and distributed organizations
• Strong analytical mindset, able to use data to tell a story. Must be a confident self-starter
• Must be a UK resident
• Writes and speaks fluent English
• It's not required to have experience working remotely, but considered a plus

Requirements

• End to end ownership of all processes and functions related to running Remote's UK payments entities. Represent Remote externally with regulators, government officials and industry bodies
• Act as the Entity head of the UK entity, being the primary DRI for ensuring the entity meets its growth goals while meeting all regulatory expectations. As the head of the executive management of the company, oversee all the risk, payment operations, product, and IT functions. Lead the monthly/quarterly Management board meetings
• Work closely with the UK Head of Compliance and MLRO to foster and build close relationship with the regulators, and ensure the payments entities remain compliant with regulatory requirements
• Lead Payment Entity Board meetings (agenda, materials, and minutes). Ensure the Boards are fully equipped to supervise the business of the entity and its financial affairs.
• Act as a key representative for operational audits & exams ensuring detailed planning and preparation ahead of time. Develop Remote's own internal policies to ensure adherence to audit requirements
• Develop detailed understanding and aligned plans for all activities performed by the entity to anticipate and mitigate risks. Implement, maintain and develop an adequate and efficient internal control system.
• Deeply understand the regulatory requirements on Remote's product design. Integrate cross functionally, working closely across Legal, Compliance, Tax, Product, Finance, Payments, and senior management to ensure current regulatory requirements are understood as they apply to Remote and fulfilled with future requirements adequately planned for
• Deliver strong, clear governance as required by external regulations and internal Remote policies
• Note: As Head of the Entity you will be asked to be registered as a PSD individual with the FCA

• You'll report to: General Manager, Remote Payment Services
• Direct reports: 3 reports (future state)
• Team: Operations - Payments: Part of ~10 person central regulatory team, and ~10 people UK entity team 
• Location: For this position we welcome everyone to apply, but we will prioritize applications from the UK.
• Start date: As soon as possible

• Interview with recruiter
• Interview with future manager
• Interview with team members (no managers present)
• Bar Raiser Interview

• Remote's Total Rewards philosophy is to ensure fair, unbiased compensation and fair equity pay along with competitive benefits in all locations in which we operate. We do not agree to or encourage cheap-labor practices and therefore we ensure to pay above in-location rates. We hope to inspire other companies to support global talent-hiring and bring local wealth to developing countries.

  At first glance our salary bands seem quite wide - here is some context. At Remote we have international operations and a globally distributed workforce.  We use geo ranges to consider geographic pay differentials as part of our global compensation strategy to remain competitive in various markets while we hiring globally.
  
  Our salary ranges are determined by role, level and location, and our job titles may span more than one career level. The actual base pay for the successful candidate in this role is dependent upon many factors such as location, transferable or job-related skills, work experience, relevant training, business needs, and market demands. The base salary range may be subject to change.
  
  At Remote, we foster internal mobility as a key element of our culture of employee growth and development, supported by a compensation philosophy that guarantees pay equity and fairness. Therefore, all compensation changes associated with an internal move will be reviewed by the Total Rewards & People Enablement team on a case by case basis.

  The annual salary range for this full-time position is

  £92,450—£104,000 GBP